Manager - Governance, Financial Crime Compliance - (UAE National Preferred)

Standard Chartered Bank - UAE

UAE

Ref: HP048-764

Job description / Role

Employment: Full Time

At Standard Chartered, emerging markets are the places we call home. For over 150 years we’ve been banking the people and businesses contributing to growth in Asia, Africa and the Middle East. With more than 90,000+ employees representing 133 nationalities, everything we do is founded in our brand promise of being Here for good.

Financial crime is the most profitable industry in the world. It’s funding terrorist activities and fuelling drug epidemics world-wide, supporting slavery and proliferating weapons of mass destruction. It affects all of us. We are committed to helping the communities we call home overcome the repercussions of financial crime. So they can continue to emerge and grow sustainably. We believe that together we can lead the way in the fight against financial crime. That’s our vision.

Job Description:
- To assist management in ensuring that the business is operated in accordance with all legal and regulatory requirements and all Group standards relating to execution of the Anti-Money Laundering (AML), Sanctions and Anti-Bribery and Corruption (ABC) programmes to to protect and enhance the reputation of the Bank with its regulators and avoid significant financial loss or reputational damage

Key Roles and Responsibilities
- To help ensure that end to end Anti-Money Laudering (AML) / Countering the Financing of Terrorism (CFT) / Sanctions / Anti-Bribery and Corruption (ABC) risks are managed within the Country in line with the Group’s global compliance frameworks for financial crime compliance.
- Ensuring Group AML standards conform to local laws and that where there are gaps, ensure that they have in place dispensations for variances to the extent permitted by local laws
- Monitoring of local regulatory and law changes and ensuring that relevant groups are advised and assist in Liaison & Relationship management with local law enforcement agencies.
- Provide oversight of financial crime processes owned by the first line, including Customer Due Diligence (CDD), AML Surveillance, and Customer Screening in the country, supported by Group Technology and Operations (GTO); Regional / Group Financial Crime Compliance (FCC); Regional Legal and Compliance (L&C); business L&C
- Liaison on financial crime surveillance and intelligence operations in the country (including testing Group Shared Service Center (GSSC) in Chennai, Kuala Lumpur, Tianjin where appropriate).
- Assisting in FCC Assurance Testing and gather intelligence at a country level, inputting into case manager and escalating significant issues to Regional Financial Crime Compliance Controls.
- Contrubute to investigations in country: significant cases as defined under the Group Investigations Procedures, Bribery and Corruption cases, speaking up cases, data theft cases etc.
- Monitor and escalate significant changes to Money Laundering risks affecting country, including the development and performance of country level AML risk assessment.
- Analyse and escalate regulatory developments relating to FCC issues in the country to the Regional FCC Head, so that Group policies and procedures may be updated where necessary.
- Ensure that countries identify additional local requirements for FCC beyond Group standards and that those additional local requirements are implemented.
- Contribute to Operational Risk and Fraud Risk Assessments and the Group Risk Assessment.
- The communication of key AML/CFT issues with senior management, including, where appropriate, significant compliance deficiencies.
- Analyse comprehensive regulatory impact of Sanctons matters on the Banks business and its operations.
- Provide financial crime surveillance and intelligence capabilities to monitor Standard Chartered Bank (SCB) customers and staff for unsual activity and to escalate issues that require review and investigation.
- Provide oversight to all aspects of FCC management framework execution in MI & Reporting, Risk Assessment & Oversight.
- Deliver effective FCC/Sanctions/AML/ABC training programs to meet the training needs of the business.
- Implement FCC/sanctions/AML/ABC risks identification and assessment and advise business on the findings .
- Partner with Business and Operational Risk to identify and mitigate financial compliance risks.

Requirements

- Substantial experience in financial crime risk management.
- Substantial experience in the banking industry, including demonstrated success in a similar role.
- Sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi cultural awareness and sensitivity.
- Ability to collaborate and work dynamically across country, region, business and group stakeholders.
- Understanding of best practice risk management techniques and frameworks.
- Understanding of the key features of relevant laws and regulations relevant to the Country
- Sound judgement on business practices, regulatory relationship management and reputational risk.
- Exemplary integrity, ethics, independence and resilience.

Closing Dates
The closing date for applications is 28/06/2015. Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.

Diversity and Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.

About the Company

Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group’s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.

Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.

In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions.

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